Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

CUTTING BACK: Add Theory to the list of companies shedding employees. The firm laid off about 50 employees late last week across departments including corporate, retail and its Manhattan warehouse. As for rumors of upcoming store closings as well, a spokeswoman would only say, “There is a regular review of store performance, which applies equally in this retail climate, as always.”

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@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)